Singapore’s openness as an international transport hub and financial centre presents inherent risk exposure to cross-border money-laundering and terrorism financing opportunities. While a strict legislative framework is in place to…
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Whitepaper: Building a Cyber-Aware Compliance Culture
“We’re going to build systems, people are going to find vulnerabilities, we’re going to close those vulnerabilities and attackers will find new ones. And it’s just going to keep rolling…
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Financial Stability Institute paper on supervising crypto-assets
The Financial Stability Institute of the Bank for International Settlements has published a policy paper on supervising crypto-assets for money laundering. The paper highlights that the supervision of crypto-asset service…
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Is it time to reconsider the strategic viability of outsourcing compliance?
Amid the COVID-19 pandemic and its aftermath, would financial firms be wise to consider outsourcing some of their compliance function? About 28% of financial firms outsource some or all of…
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